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Tom Lee: “Ethereum will flip Bitcoin”

Ethereum Treasury companies are driving a steady stream of demand for ETH.

By Mike Hesp
• 1 min read
Tom Lee: “Ethereum will flip Bitcoin”

Ethereum Treasury companies are driving a steady stream of demand for ETH. Coupled with the rise of artificial intelligence, this could accelerate the so-called flippening.

“There is a significant chance that Ethereum will flip Bitcoin.” That says Tom Lee, CIO of Fundstrat Capital, in an interview with Bankless.

The backdrop of his optimistic forecast is the link between artificial intelligence (AI) and ETH: “Ether plays a strategic role in the development of AI.”

Additionally, the rise of Ethereum Treasury companies plays a crucial role. Tom Lee himself chairs the world’s largest Ethereum Treasury company: BitMine. The company currently owns ETH worth three billion U.S. dollars.

Still, the flippening appears distant for now. According to data from Blockchaincenter.net, ETH's market capitalization is currently only 18 percent of Bitcoin's.

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